John Wyshak, Former Raymond James Broker, Has Three Customer Complaints Including One Settled for $700k

Three customer disputes dating back to 1999

Sonn Law is investigating Former Raymond James broker John Wyshak. We represent investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 866–827–3202, or complete our contact form for a free consultation.

John C. Wyshak (CRD# 1272260) is a previously registered broker and investment advisor. From 2014 to 2018, he was a registered representative with Raymond James & Associates based in Los Angeles, California.

Mr. Wyshak’s BrokerCheck report contains several disclosures, including three customer disputes dating back to 1999, and six tax liens totaling nearly $200,000. The most recent customer dispute was filed on June 17, 2019, and alleges several instances of misconduct, including unauthorized trading, issues with suitability, excessive commissions, and violation of both FINRA and NYSE rules, among others. The complaint requested $131,873 and is currently pending.

The other two disputes are from January 1, 2018, and March 16, 1999. The 2018 complaint alleged breach of fiduciary duty, fraud, churning, the omission of material facts, and several other claims against Raymond James, including respondeat superior (liability for brokers’ actions), failure to supervise from between October 2014 and November 2017. This complaint was ultimately settled for $700,000.

The 1999 complaint alleged that Mr. Wyshak engaged in excessive trading in the client’s account. The matter was ultimately settled for $45,000, of which $25,000 was paid by Mr. Wyshak and the remaining $20,000 paid by Gruntal & Co., with whom Mr. Wyshak was registered at the time. A comment in the BrokerCheck report indicates the settlement was paid in order to avoid the expense and inconvenience of any potential litigation.

Mr. Wyshak has been in the securities industry since 1984, when he started as a representative with Dean Witter Reynolds, Inc. Most recently, Mr. Wyshak was registered with Wedbush Securities (2002–2014) prior to his registration with Raymond James.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.